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The SEC has approved combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, enhancing institutional access to these cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF and Franklin Templeton Crypto Index ETF received regulatory clearance, with the latter benefiting from an expedited review.Analysts suggest that upcoming leadership changes in Washington may have influenced these approvals, with a launch expected in January. Meanwhile, predictions indicate that Litecoin ETFs could be next, although demand among institutional investors remains uncertain.
U.S. Bitcoin ETFs have surpassed gold ETFs in assets under management for the first time, reaching $130 billion compared to gold's $128 billion. This milestone comes as Bitcoin ETFs have added approximately 155,000 BTC since the U.S. elections, driven by strong investor interest amid economic uncertainty. Notably, BlackRock’s iShares Bitcoin Trust is the largest Bitcoin ETF, with nearly $60 billion in assets.
Bitcoin has pulled back to $104,679 after reaching an all-time high of over $108,000, with analysts divided on future trends. While some predict a potential rise to $145,000 by mid-2025 due to institutional demand, others warn of a possible market dump post-Trump's inauguration in January 2025. Ethereum and XRP face resistance at $4,094 and $2.91, respectively, while Solana struggles to maintain support at $210.
A wave of crypto ETFs is anticipated for approval in 2025, with firms like Hasdex, Franklin Templeton, and Bitwise Invest leading the charge for Bitcoin and Ethereum ETFs. However, complex legal issues regarding token classifications may complicate the process, particularly for Solana and XRP.The incoming Trump administration, with Paul Atkins likely as the new SEC chair, is expected to foster a more crypto-friendly regulatory environment, potentially enhancing institutional adoption of digital assets. The CFTC may also play a role in regulating certain crypto assets, further shaping the landscape.
Solana (SOL) is poised for potential ETF approval alongside XRP as legal clarity emerges under a new SEC administration. Bitwise has launched a Solana staking ETP in Europe, offering competitive rewards, while advancements in staking infrastructure hint at future US-based ETFs. However, ongoing legal disputes regarding their status as securities may delay the introduction of Solana and XRP ETFs.
As the crypto community anticipates ETF approvals in 2025, analysts predict that Litecoin (LTC) and Hedera (HBAR) are likely to be approved before Ripple (XRP) and Solana (SOL). LTC and HBAR are viewed as commodities, avoiding SEC security classifications, while XRP's ongoing legal battles hinder its ETF prospects. Approval for XRP ETFs may only be considered once the legal complexities are resolved, potentially under a new SEC administration.
Bloomberg analysts predict a rise in cryptocurrency ETFs by 2025, driven by potential changes in SEC leadership with pro-crypto advocate Paul Atkins. Bitcoin and Ethereum ETFs are expected to dominate the market due to their classification as commodities, while Solana and XRP face uncertain approval due to ongoing legal issues. Litecoin and HBAR ETFs may gain traction, although demand remains uncertain.
Multiple new cryptocurrency exchange-traded funds (ETFs) are expected to launch in 2025, with a focus on Bitcoin and Ethereum combo funds leading the way. Analysts predict that a Litecoin ETF will likely debut before those for XRP and Solana, which face regulatory hurdles due to ongoing lawsuits. The SEC's anticipated shift towards a more crypto-friendly stance could facilitate this process, although investor demand for these products remains uncertain.
Bitcoin spot ETFs in the U.S. have surpassed gold ETFs in assets under management for the first time, marking a significant shift in investor sentiment towards digital assets. As of December 16, 2024, Bitcoin ETFs reached over $129 billion, while gold ETFs were just under that threshold. This rapid growth follows the launch of Bitcoin ETFs in January 2024, highlighting Bitcoin's emerging status as "digital gold" amid increasing demand for decentralized investments. Leading the Bitcoin ETF market is BlackRock’s iShares Bitcoin Trust (IBIT), which has nearly $60 billion in assets.
Bloomberg ETF analysts predict a wave of cryptocurrency ETFs next year, starting with a Bitcoin and Ethereum combo, followed by Litecoin and Hedera Hashgraph. A joint XRP and Solana ETF may be delayed due to ongoing legal issues, but optimism remains for future approvals under a new SEC administration.
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